If you want to rent a small space for your business then it is beyond searching for an ideal location at an affordable price. The reason is you need to sign a lease. It is nothing but a complex document that can help the landlord and the tenants can get success. To know more contact our Mittal Brothers one of the best real estate developers in Pune. We provide you lots of options for commercial property on lease in Pune.
Before buying a Commercial Property on Lease you need to know the following things:
Square Footage
Most of the office spaces in Pune are quoted on a Rentable Square Foot (RSF) basis. This consist of the square footage of your private premises, or Usable Square Footage (USF), along with a pro rata share of the building’s common areas (if the tenants are shared) like lobbies, corridors, staircases, and restrooms. A significant distinction to understand is RSF vs USF space because the square footage will have a difference and it can be used for which you are charged.
When different properties are evaluated, it is important to measure the USF for yourself or asking the owner for the dimensions. The size and costs of the premises can be determined and compared with the help of this procedure.
Lease Types
There are lots of shops for sale available on lease in Pune. There are three categories of commercial leases depending on how the building’s operating costs are passed on to tenants:
Net lease: In a net lease, building maintenance, insurance, and taxes are shared between the tenants and the landlord in one of three ways.
There are categories into which commercial leases fall as per the tenants:
Gross or full-service lease: Monthly rent to the owner who pays other operating expenses, property taxes and maintenance.
Net Lease: The landlord and tenants must share the net lease which consists of rent and property taxes the rest of the maintenance costs will be paid by the owner.
Modified gross lease: This is a cross between a net lease and a gross lease. There are few agreed upon expenses like cleaning services, minor repairs, electricity, etc must be paid by you and the rest will be paid by others.
Lease Term
There are lots of commercial property on lease in Pune. The lease term put forth by most of the landlords would be up to five to ten years or longer. Lease with longer terms is awarded with best deals. You must be ready to pay higher rents and fulfill the expectations of the landlord.
Early Termination
If you want to quit earlier then you must ask the permission to transfer the office space in Pune which will let the business to continue.
Your Neighbors
The neighboring tenants might have a serious impact on your business so it is important to maintain a cordial relationship with your neighbors.
Making Adjustments
As per the business requirements, if there is a need to change the office space in Pune.
The negotiations must be made earlier about who will pay for the renovation of the property on lease
Who will own the renovated property
If there is a need for the tenant to return the property on the lease as it was in the original to the owner at the time of leaving.